Mosaic Announces Completion of Sales Agreement Between Canpotex and Sinofert
The Mosaic Company announced that Canpotex Limited, the offshore marketing company for Saskatchewan potash producers, has finalized a potash supply agreement with Sinofert Holdings Limited, a large fertilizer distributor in China, for a $5 per tonne price increase for calendar year 2007. Canpotex volumes shipped to China will be based on market demand in 2007 and will be adjusted during the year in accordance with Canpotex's existing Memorandum of Understanding which targets a 30% market share in China. Mosaic has a 35.37% share of Canpotex shipments.
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